The United Kingdom has seen the rise and subsequent demise of armed robbery by serious and organized criminals. The emergence of armed robbery must be considered within a context of criminal progression forged by the wider political economy and its developments, which shape the opportunities and characteristics of professional criminals. The shift from a cash-based economy towards a credit-constructed economic milieu witnessed the demise of craft crimes such as safe-cracking and the growth of project-based criminality such as armed robbery. The subsequent decline in professional armed robbers attacking banks, post offices, building societies, and cash-in-transit targets can be regarded as the result of control-of-crime strategies and situational crime prevention tactics. There has been increasing use of security measures, including (but not exclusively) within the banking sector, such as in-house closed-circuit television (CCTV), indelible dyes for tainting stolen money, and wider “risk society” measures including, for example, widespread street CCTV, automated number plate recognition, and an increasing shift to credit or debit card transactions. This approach to situational crime control has been successful, leading “elite” professional criminals to seek alternative illicit opportunities and leaving contemporary armed robbers, generally amateurs, deskilled and often desperate individuals.